SABB completes 1st Phase with “Wethaq”

The Saudi British Bank (SABB) has completed the first phase of automating bank guarantees through “Wethaq” digital platform,recently launched by The Saudi Company for Exchanging Digital Information (Tabadul), a wholly-owned subsidiary of the Public Investment Fund (PIF).  This technology permits beneficiaries to verify bank guarantees automatically. This makes SABB the…